Susan Turcotte

CPA

Expertise:

Entity taxation
Corporate tax strategies
Deduction optimization

Education:

Bachelors in Accounting, Bryant College in Smithfield RI
Masters in taxation, Bryant College in Smithfield RI

Susan Turcotte, a seasoned Certified Public Accountant (CPA), has more than 45 years of extensive accounting experience. Susan has come a long way in the accounting field and brings a combination of dedication, experience, and humor to her long career. Born and raised in Smithfield, Rhode Island, she laid the groundwork for her illustrious career at Bryant College, where she earned a Bachelor's degree in Accounting, followed by a Master's degree in Taxation.

Susan's career path is as diverse as it is impressive. She has navigated various sectors of the accounting world, including public accounting with several firms and private industry, where she excelled as a controller for several companies. Along with her entrepreneurial endeavors, Susan's passion for accounting never waned as she continued to practice tax work on a part-time basis.

In 2014, Susan began her association with TFX, initially on a part-time basis. Her role quickly evolved into a full-time commitment in 2015, a testament to her adaptability and unwavering dedication to her profession.

Susan's career is a testament to her resilience, adaptability and dedication to the field of accounting. Her extensive experience, coupled with her hands-on involvement in both the corporate and entrepreneurial aspects of accounting, positions her as a respected figure in her field. As she continues her work at TFX, Susan's legacy will be not only in the numbers she crunches but also in the countless individuals and companies she has guided through the complex world of finance.

Articles

Canadian Controlled Private Corporation (CCPC): definition, criteria, and tax advantages in 2026

A Canadian Controlled Private Corporation is a private corporation incorporated in C...

Throwback tax explained: Rules for trusts, foreign trusts, and state-level obligations in 2026

If you are a US beneficiary of a trust – especially a foreign trust – and you receive a distribution that includes income accumulated over prior years, the IRS may tax you as if that income had been paid out in the years it was earned. That is the core idea behind the throwback tax. This article walks through the federal rul...

QBAI explained: Qualified business asset investment, tested income and tested loss in 2026

Quick answer: QBAI – qualified business asset investment – is the average adjusted basis of depreciable tangible property that a controlled foreign corporation uses in its trade or business, measured under the Alternative Depreciation System. QBAI determines how much of a CFC’s income is shielded from ...

Are World Bank salaries tax-free? What employees must know in 2026

World Bank salaries paid to non-US-citizen employees are generally exempt from host-country income tax under the IBRD Articles of Agreement. US citizens and green card holders face different rules – and those rules diverge from each other in ways that catch many employees off guard. This article covers who qualifies for the exempt...

FinCEN Form 105 (CMIR): Complete guide to currency reporting when crossing US borders

Quick answer: If you physically transport, mail, or ship more than $10,000 in currency or monetary instruments into or out of the United States, you must file FinCEN Form 105 – formally called the Report of International Transportation of Currency or Monetary Instruments, or CMIR. The requirement applies at the ti...

FBAR audit guide 2026: triggers, process, penalties and how to prepare

If the IRS selects your foreign account filings for examination, the outcome depends on how well you understand the process – and how you respond. This guide covers what triggers an FBAR audit, what happens during one, the penalties at stake, and how to protect yourself before, during, and after an examination. What is ...